Making supply chain finance in South East Asia simpler and efficient: Fin2B
LA Times
2020-07-31

Fin2B is a South Korean fintech startup offering SaaS-based FSCM (financial Supply Chain Management) solutions to SMEs in the South East Asia.

The company is credited for succeeding digital accounts receivable discount for the first time in Vietnam in 2019.

Fin2B's FSCM connects financial institutions to SMEs through efficient untact process platform which significantly reduced transaction coast of financial institutions while promptly proceeding businesses of SMEs through SaaS (Software as a Service).

Park Sang-soon, CEO of Fin2B, served as the financial chief of Boston Consulting Group Seoul before launching his own firm October 2015. From the very beginning, Park focused on huge potential of Southeast Asian market where B2B financial services were, and are, still lag behind. He mapped out his vision to grow Fin2B as No. 1 fintech specialist in Asia, and in 2018 set up his initial services in Vietnam for its important role among the ASEAN members.

This year, he is set to push his services forward in Indonesia while also making himself busy expanding FSCM to more applicable areas. He points out digitalized services in supply chain finance has become more important than ever especially in times of the Southeast Asian market getting bigger and significant.